State-run oil and gas companies spend ₹46,600 cr – 35% of FY26 capex target till August
New Delhi: State-run oil and gas companies spent a combined ₹46,600 crore in the first five months of this financial year, achieving 35% of their annual capital expenditure target of ₹1.32 lakh crore.
Oil and Natural Gas Corporation (ONGC) led the pack with a capex of ₹12,979 crore, followed by Indian Oil Corporation (IOC) at ₹10,860 crore, according to petroleum and natural gas ministry data. ONGC has an annual target of ₹34,900 crore, while IOC has set a target of ₹35,294 crore.
